How long do we stay below 5400 - SP500? is the real question. Are we going to see a sideways range through the fall? Do we get a rip roaring 10-15% correction and "L" or even better "V" recovery? The path does not matter as much but here is my commentary anyway.
I think that we see a temporary high in early April as we power through the rest of Q1 earnings...
Let's take a look at the Russel 2000. This index seems to be the only one between the Dow, Nasdaq, and S&P that is failing to break to new ATH while they are.
What we're seeing is a triple top/triple resistance in Aug 2022, than again February 2023, and again August 2023 which was confirmed with a break down to the lows of October 2023 before more manipulation...
IN this update we review the recent price action in the Russell2000 emini futures contract and identify a high probability trading pattern and price objectives to target
In this update we review the recent price action in the Russell2000 futures contract and identify the next high probability trading opportunity and price objectives to target
In this update we review the recent price action in the Russell2000 futures contract and identify the next high probability trading opportunity and price objectives to target
In this update we review the recent price action in the Russell 2000 futures contract and identify the next high probability trading opportunities and price objectives to target
Russell 2000 is showing strong support at the $1940 area.
I think that RUT is a support and resistance play from here, the first target being the $2130 Resistance.
Looking forward to read your opinion about it.
Similar to our CL vs SPX chart; these two usually move in tandem, but the gap is widening. Is Russell leading, or behind schedule? My guess is the former.
